Stocks Opened Higher as Global Benchmarks Climbed

U.S. stocks opened higher on Tuesday, as most global stock-market benchmarks headed higher. The Dow Jones Industrial Average lately climbed 96.05 points, or 0.52%, to 18,625.47. The S&P 500 rose 10.04 points, or 0.46%, to 2,192.68. The Nasdaq Composite added 25.86 points, or 0.49%, to 5,270.46.

Best Buy Co. Inc. reported fiscal second-quarter results that beat expectations. For the quarter ended July 30, earnings rose to $198 million, or 61 cents a share, from $164 million, or 46 cents a share, in the same period a year ago. Revenue inched up to $8.533 billion from $8.528 billion.

Crude oil prices extended their decline Tuesday, as optimism for a production freeze faded on reports that Iraq is preparing to ramp up exports and Nigeria could follow soon. Light, sweet crude futures for delivery in October lost 31 cents, or 0.7%, to $47.11 a barrel. October Brent crude fell 16 cents, or 0.4%, to $48.98 a barrel.

Volkswagen vlkay and two of its parts suppliers on Tuesday resolved a contract dispute that had hit output at more than half of the carmaker’s German plants and threatened to undermine its recovery from a diesel emissions scandal.